Capital Markets Services and Capabilities 2020 Tigress Financial Partners

Tigress Financial Partners is a certified disabled Women-Owned & Operated Broker-Dealer, Investment & Asset Manager. Member FINRA, SIPC & MSRB. Confidential – Not for public distribution. Please refer to important certifications, disclosures and disclaimer information in this presentation. @2020 Tigress Financial Partners. All Rights Reserved. Tigress Financial Partners

Important Notice

This presentation is for informational purposes only and is not a solicitation to buy or sell any services or securities from any companies or issuers mentioned herein or to participate in any particular trading strategy or in any jurisdiction in which such an offer or solicitation would violate applicable laws or regulations. This presentation does not provide individually tailored investment advice and has been prepared without regard to the individual financial circumstances and investment objectives of any person(s) receiving it. Investing in stocks, bonds and other types of securities involves a high degree of risk of loss of principal and is not suitable for all investors. Tigress Research makes investment ratings and recommendations based on each company or stock’s own attributes and may not be appropriate for all investors. The Tigress Research Focus List is an opportunistic list of stocks based on each stock’s own attributes without regard for sector and industry diversification. The lack of diversification and concentrated nature of the portfolio will lead to greater volatility and may not be suitable for all investors. The market value and expected income from any investment may vary because of changes in interest rates or foreign exchange rates, securities prices or market indexes, operational or financial conditions of the underlying companies or other factors. Past performance is not indicative of future performance. Estimates of future performance, research ratings and target prices are based on assumptions that may not be realized. Please refer to the last two pages of this presentation for important certifications, disclosure and disclaimer information.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

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Why Tigress Financial Partners

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. Certified disabled women-owned research, trading and investment OVERVIEW banking firm. Staffed by highly experienced industry professionals ‒ average industry experience of over 20 years.

. A well capitalized firm, specializing in international and offshore financial Our services and business services including; facilitating International Origination, International Trade infrastructure are built on a Execution, Global Markets Access, NYSE Floor Access, Offshore Transaction Services and Multi-Country Distribution.* state-of-the-art technology platform. . Positioned with the most expansive international distribution platform among minority and woman owned broker dealers with access to tens of thousands family office, high-net-worth and institutional investors.* Our Services Include: . Extensive capital markets experience ‒ participated in over 200 capital  GlobalWealth markets transactions with a total market value in excess of $220 billion. Management  Asset Management . Partnered in corporate stock re-purchase programs with S&P 500 companies.  Capital Markets . Highly ranked proprietary research along with corporate access services –  Proprietary Research proprietary database of over 2,200 companies and currently publishing on 80+ companies.  Equity & Debt Underwriting . Full service trading capabilities – equity, debt and options execution on an  agency only basis using an advanced EMS/OMS with access to every major  Stock Buy-Backs exchange and Electronic Communications Network (ECN).

 Corporate Access . Clients include pension funds, government and state agencies, asset  Consulting Services managers, foundations and endowments, as well as domestic and foreign  SWAP Advisory high-net worth investors and family offices. Services

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Expanded International Reach & Capabilities Through our Strategic Partnership with BCS Global Markets

5 Tigress Financial Partners BCS Prime Brokerage BCS Global Markets (an affiliate of Tigress Financial Partners) Limited and Tigress . BCS Global Markets is the largest independent securities brokers on the Russian Financial Partners Form exchange and its affiliates include:  BCS Prime Brokerage Limited, headquartered in the UK, is the regulated arm of Partnership BCS Financial Group. In September 2018, Tigress Financial  BCS Americas, headquartered in New York, is a FINRA Broker-Dealer and Member Partners entered into a strategic of the NYSE. partnership with BCS Prime  BCS Financial Group, headquartered in Moscow, the full financial service Brokerage Limited (BCS UK), in the platform. UK, part of BCS Global Markets, to  BCS Cyprus, headquartered in Cyprus, is a Cypriot investment company regulated jointly market capital markets, by the Cyprus Securities and Exchange Commission offering retail and institutional investment banking, credit facilities, brokerage services. research, asset management and  Tigress Financial Partners, headquartered in NY is the diversity financial services global wealth management services to partner to BCS companies. BCS Prime Brokerage Limited owns a minority stake in institutional and high net worth clients Tigress. in U.S. and global markets. . International distribution to 300,000+ high net worth, family office and As part of the transaction BCS UK institutional accounts. invested directly in Tigress Financial Partners in addition to injecting . Providing brokerage services, advisory and prime services to professional and high substantial regulatory capital into the net worth investors combining state-of-the-art brokerage technologies with a deep broker dealer. understanding of the market.

The strength of BCS in international . Full financial services and capabilities: origination, international trade  International Trading execution and multi-country  International Research distribution network enhances Tigress  NYSE Floor Access (MOO | MOC | ALGO) Financial Partners’ access to global  Selected ADR Market Making markets squarely positioning Tigress  Tailored Trading Strategies Including Pairs &ADR Financial Partners with the most  Trading In Equity, Distressed Equities, Market Making, Research,Structured expansive international distribution Finance & Fixed Income platform among minority and woman  Full Range Of Debt / Equity Origination & Distribution Services owned broker dealers, consisting of  Credit Facilities more than 300,000 clients in London,  Expansion & GrowthFinance Moscow, Cyprus and around the  Acquisition Financing world.

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In

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. Our unique combination of proprietary research, execution capabilities and CAPITAL MARKETS unmatched client service, together with our diverse client base, creates a powerful international distribution channel for our clients.

We provide: . We are dedicated to expanding diversity in capital markets through our emphasis of working with women and minority entrepreneurs and women/minority  Capital Raising led businesses.  StrategicAdvisory . We act as a WBE co-manager in the securities offerings of large issuers  M & AServices looking to add diversity to their underwritinggroups.

. Our ability to add value to capital market transactions is derived from our We work with: unique capabilities in marketing and execution. We provide unique insight to  Corporate Issuers corporate issuers through our business intelligence and valuation models created from the proprietary Tigress Research database.  Financial Sponsors  Government Entities . We provide advice and execution on mergers, acquisitions, divestures, strategic alternatives, and valuation, including fairness opinions, restructuring, recapitalization and leveraged buyouts.

. We have the unique ability to facilitate credit facilities to help manage liquidity cycles and we maintain close relationships with an extensive network of capital providers enabling us to efficiently access the best capital solution for our clients.

. We offer flexible financing solutions for public companies, high growth privately owned and middle market companies including revolving credit, term loans, committed facilities and letters of credit.

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EXPERTISE IN PRIVATE . We are a disabled woman-owned investment bank and broker dealer offering long CAPITAL MARKETS & standing relationships with leading providers of debt and equity capital and we are committed to supporting our clients in achieving an array of strategic THE INTERSECTION OF objectives. ESG . For the past 8 years we have raised private equity from high-quality institutional We are committed to investors, family offices, and ultra high net worth global investors in Regulation delivering value-add to the D and Regulation S offerings. growing business landscape for minority and women- owned businesses that are . Our global distribution team has a geographical footprint in 13 countries with often underserved. Tigress is investor relationships in more than 20 countries. dedicated to closing that gap by deploying a consortium of . In addition to raising capital, we are committed to assisting our clients with our strategic alliances, garnering intellectual capital to achieve best practices in diversity and inclusion expertise, and resources to both internally and with external stakeholders. this growing segment and making an impactful change . Tigress serves as a critical steward of D&I for companies across a broad for these businesses and the spectrum from start ups to Fortune 500s companies, through the application of communities they serve. both a quantitative and qualitative lens.

We recognize that successful . Our goal is to foster engagement and inclusion throughout the organization and companies regard D&I as a align shareholder and stakeholder interests in a shared mission of using diversity source of competitive as a business driver and for community impact. advantage, social justice and corporate social responsibility, . Our most notable strategic partner is Continental Advisory Services ("CAS"), while also being essential to who is a leading accredited investor, providing debt and equity capital to middle their growth strategy. market public and private companies with TEV up to $500 million. www.continentaladvisory.com. With over $10 billion in assets under management, their flexible approach enables Tigress to participate in a broad array of investment structures.

9 Tigress Financial Partners INVESTMENT CRITERIA

Optional Financing Solutions Investment size

Speed Flexibility Expertise Capital Resources Typically, $10 - $500 million, with the ability to source partners for larger .Highly .Ability to deliver .Broad-based .Over $10 billion .Access to deals. responsive and creative financing industry of available , dedicated solutions experience associate capital HSBC, TD Bank, Investment Structures investment team including KKR, HIG, VISTA, o Debt .Broad array of industrials, .Ability to source IFC, OPIC, EBRD, .Work within a investment OEM’s insurance, and bring in ADB o Equity 180-day timeline structures A&E/CRE, strategic o Senior secured on a healthcare/phar partners .Global sourcing o Unitranche commercially ma, retail, SaaS, network o Straight Equity/ESOP reasonable basis technology, and o Mezzanine energy

Transaction Types o ​Acquisitions o Refinancing o Capital for growth o Leveraged buyout o Dividend recapitalization o Restructuring

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March 30, 2020 10:00 AM CAPITAL MARKETS Citi Hires Women-Owned Firms to Lead Distribution of $4 Billion Citi Bond Issuance to Commemorate Women’s History Month Debt Transaction NEW YORK--(BUSINESS WIRE)— Highlights Citi announced on Tuesday that it hired women-owned firms as lead managers of a $4 billion bond issuance on behalf of Inc. to commemorate Women’s History Month. “At Citi, we pride ourselves on being bold champions of The transaction represents the fifth consecutive year that Citi has worked gender equity in financial predominantly with women-owned firms to syndicate a bond offering, further services and beyond,” said maintaining its commitment to helping women, minority and veteran-owned Jane Fraser, President of Citi businesses receive greater access to the capital markets. and CEO, Global Consumer Banking. “We all have a Citi issued $4 billion 11-year non-call 10-year senior fixed-to-floating rate notes responsibility to ensure our indexed to the Secured Overnight Financing Rate (SOFR). Investors responded business practices reflect positively to the deal, which follows similar offerings in 2019, 2018, 2017 and 2016. the diversity and progress For all four previous transactions, Citi worked with women-owned firms to syndicate we want to see. the bonds. Transactions like this women’s led syndication In the deal, which priced on March 24, Citi hired nine women-owned broker-dealers models the way forward for to assist in the distribution of the bonds to investors. The firms included Capital our industry.” Institutional Services, Inc.; C.L. King & Associates, Inc.; MFR Securities, Inc.; North South Capital, LLC; R. Seelaus & Co., LLC; Siebert Williams Shank & Co., LLC; Stern Brothers & Co.; Telsey Advisory Group LLC and Tigress Financial Partners LLC.

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CAPITAL MARKETSSept-19 Equity & Debt Transaction Highlights (continued) Participated in over 200 capital markets transactions with a total market value of $220 billion Individualized Approach Industry Expertise Representative Offerings:

Impactful Solutions SPAC Sep-20 Secondary Aug-20 Convertible Aug-20

 Longstanding relationships with a broad range of institutional $525,000,000 $500,000,000 $1,150,000,000 Common Stock Common Stock Common Stock buyers and issuers. Co-Manager Co-Manager Co-Manager

 Uniquely positioned to capitalize IPO Aug-20 IPO Aug-20 Secondary Aug-20 on our proprietary international retail syndicate distribution.

$703,500,000 $837,800,000 $1,800,000,000  Extensive Underwriting Common Stock Common Shares Common Stock Selling Group Selling Group Agreements with bulge bracket Selling Group syndicates. New Issue Aug-20 SPAC Aug-20 Notes Aug-20  In-depth market knowledge to both our corporate issuer clients

as well as our buy side investor $780,000,000 $750,000,000 $500,000,000 clients. Common Shares Common Share Common Stock Selling Group Selling Group Co-Manager

 Distribution penetrates smaller diverse investment firms that New Issue Jul-20 SPAC Jul-20 IPO Jun-20 provide valuable incremental demand for transactions, $1,800,000,000 allowing issuers to achieve $10,000,000,000 $2,175,000,000 Units Senior Notes Common Stock improved pricing for their Co-manager Co-Manager Co-Manager securities.

See Appendix for Selected Transaction History

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CAPITAL MARKETSSept-19 Equity & Debt Transaction Highlights (continued) Participated in over 200 capital markets transactions with a total market value of $220 billion Individualized Approach Industry Expertise Representative Offerings:

Impactful Solutions IPO Jun-20 IPO Jun-20 New Issue May-20

$800,000,000 $1,925,000,000 $675,000,000 Common Stock Common Stock Senior Secured Notes Co-Manager Co-manager Co-Manager

Feb-20 Secondary May-20 Secondary Mar -20 Additional Offering

$41,818,181 $1,250,000,000 $2,995,000,000 Common Share Common Stock Preferred Stock Co-Manager Selling Group Selling Group

Feb-20 Secondary Oct-19 Additional Offering Aug-19

$2,000,000,000 $1,500,000,000 $2,000,000,000 Preferred Stock PreferredStock 10 Yr & 30 Yr FixedNotes Selling Group Co-Manager Co-Manager

IPO July-19 IPO June-19 IPO Apr-19

$1,670,000,000 $1,400,000,000 $2,300,000,000 Common Stock Common Shares Common Shares SellingGroup SellingGroup Co-Manager

See Appendix for Selected Transaction History

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Highly Ranked Proprietary Research & Unique Corporate Access

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. Deep fundamental analysis using sophisticated valuation models focusing on true economic earnings, not reported accounting results. RESEARCH OVERVIEW . Top-rated stock picking highlighted by Barron’s, Bloomberg, CNBC and The Wall Street Journal.

 Highly value-added . Extensive proprietary data and detailed reports on over 2,200 companies.

 Truly predictive ratings . We uncover real drivers of alpha.  Reports updated daily . We provide institutional clients with actionable trade ideas and market insight.  Customizable client-centric focus . Currently publishing on over 100 companies along with daily highlights of actionable trade ideas.

. Corporate Access

Our Ratings are listedon:  Conferences  Bloomberg  One-on-one investor meetings

 Capital IQ  Non-deal roadshows  FactSet . Our models incorporate over 400 proprietary data points and key performance indicators  FirstCall (KPIs) measuring:  Current and Forecasted Economic Profit

 Value

 Growth Rates

 Trends on Individual Company

 Trends on Industry AggregatedLevel

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Published Research Reports & Data Based Product Offerings RESEARCH SERVICES . Company Reports: Investment ratings and in-depth, quantitatively driven analysis. . Focus Opportunity Reports: A more detailed qualitative analysis of a highlighted opportunity.  Insightful and actionable . Focus Opportunity List: An opportunistic selection of “Best Ideas”. analysis . Best Buys List (Gold Mines): Our list of stocks with low relative value, growing  Customized data setsfor economic profit and greatest return potential. clients’ own models and . Action Sell List (Land Mines): Companies with deteriorating economic fundamentals, analysis negative accounting divergences, red flags and other risks.

 Special Studies, Reports & . Special Studies and Analysis: We produce customized research, studies and analysis Screens: for our clients on a project basis including data and rankings. . Global Macro Highlights: Daily analysis of political events and global market  M&A Targets, commentary.  Accounting  GovernanceRed Flags  Potential ShareBuy- Backs

 Dividend Growth  Restructuring Opportunities

 Delivered in a conciseand usable format

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Award WinningAnalyst

17 Research Coverage List as of 10/2020 Tigress Financial Partners Consumer Discretionary Consumer Staples Information Technology Automobiles Beverages Communications Equipment F Ford Motor Co Buy KO Coca-Cola Co Neutral CSCO Cisco Systems Inc Buy GM General Motors Co Strong Buy PEP PepsiCo Inc Review Electronic Equipment, Instrument HOG Harley-Davidson Inc Buy Food & Staples Retailing DLB Dolby Laboratories Inc Buy TSLA Tesla Inc Neutral COST Costco Wholesale Corp Buy PAY VeriFone Systems Inc Neutral Hotels, Restaurants & Leisure WBA Walgreens Boots Alliance Inc Review IT Services BJRI BJ's Restaurants Inc Buy WMT Walmart Inc Neutral AKAM Akamai Technologies Inc Strong Buy BLMN Bloomin' Brands Inc Buy ACI Albertsons Cos. Buy CTSH Cognizant Technology Solutions Corp Buy CAKE Cheesecake Factory Inc Buy Household Products FDC First Data Corp Buy CCL Carnival Corp Buy CL Colgate-Palmolive Co Neutral IBM International Business Machines Corp Neutral CMG Chipotle Mexican Grill Inc Neutral PG Procter & Gamble Co Neutral MA Mastercard Inc Strong Buy DRI Darden Restaurants Inc Buy Personal Products SQ Square Inc Buy EAT Brinker International Inc Neutral HLF Herbalife Nutrition Ltd Buy NTES NetEase Inc Buy HABT Habit Restaurants Inc Buy NUS Nu Skin Enterprises Inc Buy Semiconductors & Equipment HLT Hilton Worldwide Holdings Inc Neutral USNA USANA Health Sciences Inc Buy AMD Advanced Micro Devices Inc Review MCD McDonald's Corp Neutral Industrials CREE Cree Inc Neutral NCLH Norwegian Cruise Line Holdings Strong Buy Aerospace & Defense INTC Intel Corp Buy PZZA Papa John's International Inc Buy BA Boeing Co Buy NVDA NVIDIA Corp Buy RCL Royal Caribbean Cruises Ltd Buy UTX United Technologies Corp Neutral QCOM QUALCOMM Inc Buy SBUX Starbucks Corp Buy Airlines SWKS Skyworks Solutions Inc Buy WEN Wendy's Co Buy LUV Southwest Airlines Co Buy SYNA Synaptics Inc Strong Buy YUM Yum! Brands Inc Strong Buy Industrial Conglomerates TXN Texas Instruments Inc Review YUMC Yum China Holdings Buy GE General Electric Co Neutral Software Household Durables HON Honeywell International Inc Review CTXS Citrix Systems Inc Buy GRMN Garmin Ltd Strong Buy MMM 3M Co Buy MSFT Microsoft Corp Buy TPX Tempur Sealy International Inc Neutral Machinery ORCL Oracle Corp Review Internet & Direct Marketing CAT Caterpillar Inc Buy VMW VMware Inc Strong Buy AMZN Amazon.com Inc Buy DE Deere & Co Buy LYFT Lyft Inc Buy BABA Alibaba Group Holding Ltd Buy GDI Gardner Denver Holdings Inc Buy Technology Hardware BKNG Booking Holdings Inc Strong Buy SNA Snap-on Inc Buy AAPL Apple Inc Strong Buy EBAY eBay Inc Review Professional Services HPE Hewlett Packard Enterprise Co Neutral JD JD.com, Inc Buy KFY Korn/Ferry International Neutral HPQ HP Inc Neutral Multiline Retail Logistics STX Seagate Technology PLC Buy JWN Nordstrom Inc Buy FDX FedEx Corp. No Research WDC Western Digital Corp Buy M Macy's Inc Buy Communication Services Materials TGT Target Corp Buy Diversified Telecommunication Chemicals Specialty Retail T AT&T Inc Buy DOW Dow Chemical Co Neutral TLRD Tailored Brands Inc Neutral VZ Verizon Communications Inc Neutral SMG Scotts Miracle-Gro Co Buy VSI Vitamin Shoppe Inc Neutral Entertainment Utilities Textiles, Apparel & Luxury Goods DIS Walt Disney Co Buy Electric Utilities DECK Deckers Outdoor Corp Neutral WMG Warner Music Group Corp. Buy EXC Exelon Corp Neutral RL Ralph Lauren Corp Neutral Interactive Media & Services Independent Power Producers Health Care FB Facebook Inc Strong Buy NRG NRG Energy Inc Neutral Health Care Providers GOOGL Alphabet Inc Strong Buy Financials CAH Cardinal Health Inc Neutral TWTR Twitter Inc Neutral Consumer Finance CVS CVS Health Corp Buy YY YY Inc Buy AXP American Express Co Neutral IQ iQIYI Inc Buy C Citigroup, Inc. No Research HUYA HUYA Inc Buy Capital Market YNDX Yandex NV Buy KKR KKR & Co., In No Research Education TAL TAL Education Group Buy 18 EDU New Oriental Education Buy Tigress Financial Partners

LYFT listed 20 banksincluding PROPRIETARY RESEARCH COVERAGE those three at the top of its IPO filing.

. J.P. Morgan Securities LLC Tigress Financial started coverage on LYFT in a report on . Securities (USA) LLC Tuesday, April 30, 2019 . Jefferies LLC . UBS Securities LLC . , Nicolaus & Co. Inc. . RBC Capital Markets LLC The analyst comments "The growing market for TaaSdriven by increasing . KeyBanc Capital Markets Inc. . Cowen and Co. LLC consumer demand and ongoing enterprise adoption will drive significant . Raymond James & Associates Inc. revenuegrowth for LYFT.Thereis also a significant growth opportunity forLYFT . Canaccord Genuity LLC . Group LLC to benefit as a key service provider for the increasing demand for healthcare . Piper Jaffray &Co. transportation services. LYFT’sConcierge service is driving further . JMP SecuritiesLLC opportunities asan enterprisepartner for businessesto providetransportation . Securities LLC . KKR Capital MarketsLLC services for its employees and customers. LYFTwill benefit from both overall . Academy Securities Inc. growth in the ridesharingmarket aswell ascreating additional transportation . Blaylock Van LLC . Penserra Securities LLC service niche opportunities. LYFTwill continue to benefit from the ongoing . Siebert Cisneros Shank & Co. LLC adoption of TaaS,and its strong brand equity and innovative ability will drive . The Williams Capital Group LP increasingreturns on investedcapital, leading to growing EconomicProfit and . CastleOak Securities LP . C.L. King & Associates Inc. greater shareholdervaluecreation. Webelievesignificant upsidefrom current . Drexel Hamilton LLC levels exists for long-term investors and recommend beginning to build a . Great Pacific Securities . Loop Capital Markets LLC position in thestock.” . Mischler Financial GroupInc. StreetInsider.com . Samuel A. Ramirez & Co. Inc. . R. Seelaus & Co. LLC May 1,2019 . Tigress Financial Partners LLC https://www.streetinsider.com/Analyst+Comments/Tigress+Financial+Partners+Starts+Lyft+%28LYFT%29+at+Buy/15432487.html

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CORPORATE ACCESS . Our Corporate Access platform establishes and buildsrelationships between corporate management and our institutional clients.

. We work together with our Research, Capital Markets, Investment Banking and Sales divisions, to provide companies with value-added marketing opportunities to their investors.

. We provide buy-side investors with direct access to corporate management teams through a variety of action oriented programs.

. We have relationships with leading institutional clients including investment managers, state and corporate pension funds, commercial , mutual funds and insurancecompanies.

. We provide our clients access to companies through:  Conference Calls - We coordinate and moderate conference calls allowing our clients to interact with senior management.  Group Meetings - We host group meetings between company management and clients.  One-on-One Meetings - Offering the advantage of dedicated face time with key members of senior management.

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Comprehensive Trading Capabilities

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SALES & TRADING . Full service trading capabilities – equity, debt and options execution on an agency only basis using an advanced EMS/OMS, with direct access to the NYSE and every major exchange and Electronic Communications Network(ECN).

 Agency Only Execution  Domestic & Global . We offer trading services in all financial instruments including: equities, options, Execution Services hybrid securities, investment grade debt, high-yield debt, U.S. Treasury, federal agency securities, municipal bonds, asset-backed securities, mortgage-backed  Advanced Technology securities (residential and commercial), collateralized debt obligations,emerging  Direct Market Access markets debt, structured notes, insurance-linked securities and repo transactions.  Real-time ExecutionCost Analysis

 Corporate Buyback . TFP employs smart order routing (SOR) and all manner of algorithmic strategies Programs from various Sell-Side firms and independent providers. Given the depth of experience in  AlgorithmicTrading trading Domestic and Global Equity markets by TFP Equity desk, selection and use of Strategies the best algo’s to fit our clients’ needs and situation is foremost. Having this independence is a competitive advantage over single broker platforms.  Pre & Post-trade Analytics  Transition Management . Our clients include pension funds, government, state agencies, foundations and  Insight & Idea FlowTo endowments as well as hedge funds and asset managers. Institutional Clients

. Experienced trading team – average industry experience of 20 years.

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Swap Advisory Services

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. Swap Advisory Services  Advice on pricing SWAP ADVISORY  Mid-market value / fair value OVERVIEW  Bid / offer Swaps and other  Credit valuation adjustment (“CVA”) financial derivatives  Funding valuation adjustment (“FVA”) are used by issuers  Capital valuation adjustment (“KVA”) to hedge their  Advice on transaction terms borrowing costs  Risk analysis and evaluation of hedge effectiveness and by investors to  Advice on material business terms in swap documentation: create customized  ISDA Master Agreement andSchedule risk-return profiles.  Credit support (e.g., affiliate guaranty)  Trade Confirmation Tigress is the only  Dodd-Frank compliance Diversity Broker-  Issuer representations to the dealer Dealer offering  Annual filing with the swap execution facility or regulator swap advisory  Trade execution (including running a competitive bid process) services to issuers  Client education and investors.  Fairness opinions

Issuers and investors benefit from Swap Advisory Services when entering into, restructuring or unwinding derivative transactions.

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. Experienced Swap Advisory Team  Our team has over 50 years of combined experience with derivatives WHY HIRE TIGRESS and structured financial products. AS YOUR SWAP ADVISOR?  Our team has been involved in the execution of over $100 billon of swap and security-based swap transactions. Our team has  Our combined expertise covers interest-rate, currency, credit, equity expertise in the full and commodity derivatives. range of derivative  Our team has worked with clients in a broad range of industries, products and has including banking, insurance, public finance, asset management, energy, technology and healthcare. worked with a diverse set of  Our team has its own proprietary analytics to value and measure risk for swaps, options, correlation products, CVA and FVA. clients, making  Team leader Frank Iacono has published on a broad range of topics Tigress your one- including value at risk, corporate finance, credit derivatives and credit stop shop for all valuation adjustment. your swap advisory . Part of the Tigress Team needs.  Unlike most other swap advisory groups, our team is part of a boutique investment banking firm with capabilities in debt and equity capital markets, research and investment management.  Tigress is a registered broker-dealer with FINRA, a registered investment advisor with the SEC and a registered municipal advisory with the MSRB. . Tigress is not a Swap Dealer, so we deliver Swap Advisory Services without conflicts of interest.

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Corporate Services Stock Repurchase 10b-18 or 10b5-1

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. Tigress’s Corporate Services unit offers specialized services advice to help corporate clients achieve flawless execution directly in the capital markets. CORPORATE . Our Corporate Services clients leverage a comprehensive suite of Tigress resources, SERVICES from proprietary award winning equity research to our comprehensive trading services, to meet their objectives. By combining a high-touch . Our team successfully manages multiple corporate share repurchase programsfor approach with extensive U.S. blue-chip corporations and hold contracts in compliance with SEC Rule 10b.18 experience and deep technical or 10b5-1 for companies like Caterpillar, Interpublic Group, MasterCard and Microsoft knowledge, Tigress is among others. dedicated to the managing of your corporate buyback . Our global equity trading desk executes on an agency only basis, focusing on providing program with expertise and excellence in service from end-to-end trade execution through trade settlement. utmost discretion. . It is our philosophy to take a conservative approach to buyback execution, participating Our integrated operations and over the course of the day and committing only a strategic portion of the day’s mandate to compliance specialists will take advantage of what we believe are the most favorable price opportunities and ensure the accurate reporting consistently beating the VWAP metrics. and flawless settlement ofyour shares. . Our Swap Advisory Services team assists with the structuring, pricing and execution of on- and off-balance-sheet stock buyback financing alternatives. We are committed topartnering with you to understand your . As a valued client, we will assign a dedicated and highly experienced Sales Trader to goals. exclusively manage your program, leverage algorithmic trading tools to analyze trading patterns, develop informed execution strategies, monitor order flow and provide alerts on market developments, including blocks of stock for sale.

. We deliver uncompromised value where you receive daily trading recaps and execution summaries at times throughout the day and in formats customized to meet your particular needs.

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Senior Leadership Team & Board of Advisors

28 TIGRESS SENIOR LEADERSHIP TEAM Tigress Financial Partners

Cynthia DiBartolo, ESQ. | Founder & CEO Christian Mitchell | Senior Managing Director, Director Global Equity Trading (646) 780 - 8889 Direct [email protected] (646) 780 - 8894 Direct [email protected] . Oversees Global Equity Trading at Tigress. . Guides the overall strategy and direction of the firm. . Held senior management positions at BCS Global Markets. , Barclays . Before founding Tigress, held senior management positions at Citigroup, Smith Barney Investment Bank, and Julius Baer Investment Management / Artio Global Investors. and Merrill Lynch. . BA from The Ohio State University. . Chairperson Steering Committee, for Rainbow PUSH Coalition, Chairperson of the . Holds FINRA Series 7, SIE, 63, 55 & 24 licenses. Diversity Broker-Dealer & Asset Management Coalition, Chairperson of the Greater New York Chamber of Commerce and former member of the White House Business Council Hollis Copeland | Senior Managing Director, Head of Equity Capital Markets for the Obama Administration and Vice President of the Women’s Syndicate Association. (646) 780 - 8940 Direct [email protected] . Member of the Board of Consultors for Villanova University, School of Law. . Oversees Equity Capital Markets, a product specialist in creating and delivering financial . BA in Political Science from Wagner College and a JD from Villanova University, School solutions through equity, equity-linked or derivative products. of Law. . Member of the Board of Trustees of Rutgers University. . Holds FINRA Series 7, 8, SIE, 24, 63, 66 and 99. Previously admitted to the . Held a Principal position at Williams Capital Group LLC, Blaylock & Partners, and Bear Connecticut, New Jersey and New York State Bars. Stearns. . Retired NBA player for the New York Knicks. Ivan Feinseth | Partner, Director of Research & CIO . BA in Psychology from Rutgers University-New Brunswick. . Holds FINRA Series 7, SIE and 63 licenses. (646) 780 - 8901 Direct [email protected] . Oversees research and investment strategies. Vernon Gatling | Sr. Managing Director, Head of Fixed Income Capital Markets . Held senior management positions Merrill Lynch, Bear Stearns and Wells Fargo. (646) 780 - 8910 Direct [email protected] . Frequent guest on CNBC,CNN, CNBC ASIA, Bloomberg TV and radio and Fox . Oversees capital raising advisory services to large public companies. His target market is Business News. mostly comprised of large investment grade public debt issuers. . BSBA in Finance & Accounting from the Boston University School of Management. . Held senior management positions at Telsey Advisory Group, Muriel Siebert & Co., Kaufman . Holds FINRA Series 7, SIE, 63, 66, 86 and 87 licenses. Bros., Toussaint Capital Partners and Blaylock & Partners. . B.S. in Economics from the Wharton School at the University of Pennsylvania. . Holds Series 7, 24, 53, 63, 79 and 99 licenses. Andrew Mayers | Senior Managing Director, Director Internal Controls (646) 780 - 8894 Direct [email protected] Joaquin Escamille | Sr. Managing Director, Head of Fixed Income Capital Markets . Oversees the internal controls in underwritings, trading, operations and client services. (646) 780 - 8910 Direct [email protected] . Held senior management positions Deutsch Bank, Stanberry Asset Management, . Oversees Fixed Income Capital Markets and leverages outstanding relationships with Fagenson & Co, Farina & Associates and Bank of America. numerous broker dealer desks and inter-dealer brokers to quote, source, price, trade bonds, . A specialist in capital markets, market making, underwriting, institutional trading, and provide market color to a diverse book of institutional investors. operations and controls, compliance and risk management. . Held senior management positions at Academy Securities, Elara Securities, Bank Leumi, . BA in Economics from the University of Colorado. Williams Capital Group. Lehman Brothers, Inc. and JPMorgan Chase Bank. . BA in Economics from Tufts University and a graduate of Phillips Andover Academy. . Holds FINRA Series 7, SIE, 63, and 57 licenses. . Holds FINRA Series 7, SIE 63 licenses. Michael DeNardo | Head of Trading, BCS Global Markets Jean Ergas | Chief Economist (212) 421 - 8560 Direct [email protected] (646) 780 - 8906 Direct [email protected] . Oversees the publication of Macro-Economic, currency, interest rate, and political analysis. . Leads the trade execution efforts of the BCS Group in the US . Frequent Analyst profiled on CNBC Europe . Held senior positions at JP Morgan and Merrill Lynch. . Held senior management positions at A.M Best Company, Swiss Bank Corporation (UBS) and . BA in History and Classics from Fordham. MBA from Trinity College, Dublin. Lloyds. . Holds FINRA Series 7, SIE, 63, 24 and 57 licenses. . BA with honors in Economics from Sussex University and a MBA from New York University. . Holds FINRA Series 7 and SIE licenses.

29 TIGRESS SENIOR LEADERSHIP TEAM, Continued Tigress Financial Partners

Kris Taylor, ESQ. | Partner, Advisory Counsel & Compliance Officer Mark Greenberg | Partner & Managing Director, Investment Banking (212) 430 - 8750 Direct [email protected] (646) 780 - 8897 Direct [email protected] . Oversees legal advisory to the investment banking and research divisions, and . Oversees Reg D / Reg S private placement offerings in the ecommerce, medtech, global compliance. entertainment, media and sports sectors. . Held advisory positions at Aurarian Capital Management and National Securities . Held a senior management position with Securities America. Corporation . BA in Music Performance from Berklee College. . BA in Political Science from University of Tampa and a JD from Pepperdine . Holds FINRA Series 7, SIE, and 66 licenses. University School of Law. . Holds FINRA Series 7, SIE, 24, 52, 53, 63, 87 and 99 licenses and admitted to the NY State Bar. Lily E. Li | Partner & Senior Managing Director, Sales Director for Global Wealth Management & Global Capital MarketsCoordinator Aaron Ju | Research Associate & Associate Portfolio Manager (646) 780 - 8903 Direct [email protected] (646) 780 - 8887 Direct [email protected] . Oversees wealth management services for global high net worth clients and family offices both . Oversees research support team and marketing to institutional money managers, offshore and domestic. hedge funds, state government pension funds and equity. . Assists institutions with equity & debt capital raises and corporate re-purchases. Senior . Held a quantitative analyst position at Victory Stone Information Tech Co. Relationship Manager with RIA’s, Hedge Funds, Trusts and Insurance Companies. . BS in Investments from Zhongnan University and a MS in Applied Finance from . Held senior management positions at UBS, JP Morgan Chase and Merrill Lynch. Pepperdine University. . BS in Statistics and a MBA in Finance & International Business from The University of Chicago. . Holds FINRA Series 7, SIE, 63, 65, 86 and 87 licenses. . Holds FINRA Series 3, 7, SIE, 24, 63 and 65 and New York State Life, Accident and Health Insurance licenses. Mehdi Sunderji | Institutional Relationship Manager, Sales & Trading (203) 550 - 7127 Direct [email protected] Frank Iacono | Senior Managing Director, Head of Swap Advisory Services . Oversees Institutional Relationships focusing on global investment institutions. (646) 780 - 8896 Direct [email protected] . Held management positions with Deutsche Bank, Execution LLC, Atlantic Equities, . Oversees swap advisory services and structured products for issuer and investor clients MKM & Auerbach Grayson and co-founded Nucleus195 . Expert in pricing, risk assessment and management, structuring and market execution. . Hold a degree in Electrical & Electronic Engineering from Imperial College . Held senior positions at , Lehman Brothers, Chase and Riverside Risk Advisors. . Holds FINRA Series 7, SIE and 63 licenses. . BS , Applied Math, Summa Cum Laude, from Yale. JD , Cum Laude, from Harvard Law School. . Holds FINRA Series 7, SIE and 63 licenses. Admitted to the New York State Bar. Sylvan Schefler | Senior Managing Director, Investment Banking (646) 780 - 8912 Direct [email protected] Jill Scalisi | Managing Director, Swap Advisory Services . Oversees complex middle market M&A advisory and capital raising for growth companies. (646) 780 - 8896 Direct [email protected] . Held senior management positions at Burnham Securities, Maxima Group and . Responsible for marketing swap advisory and structured products to issuers and investors. Drexel Burnham Lambert. . Experience as a banker, structurer, syndicate manager, salesperson and startup CEO. . BA in Economics and History from Cornell University. . Held senior positions at Nomura, Lehman Brothers, and Chase. . Holds FINRA Series 7, SIE, 8 and 63 licenses. . BA in English from Georgetown University.

Scott Duxbury | Institutional Relationship Manager, Sales & Trading Jonathan Rubin | Vice President, Swap Advisory Services (646) 203 - 6273 Direct [email protected] (646) 780 - 8896 Direct [email protected] . Oversees Institutional Relationships focusing on global investment institutions. . Supports issuer and investor clients in swap advisory services and structured products. . Held senior positions at Merrill Lynch, Rencap Securities, Jones Trading, . Analytical experience with a broad range of structured finance products and derivatives. Berenberg, Auerbach Grayson and co-founded Nucleus195 . Previously consulted with municipal and corporate CFOs on bond offerings and swaps. . BA in Economics and History from Cornell University. . BA in Economics from Bates College. . Holds FINRA Series 7, SIE, 24,55 and 63 licenses.

30 Tigress Financial Partners BOARD OF ADVISORS – DELIVERING EXCELLENCE THROUGH DIVERSITY

Tigress Financial Partners believes that diversity of perspective does matter. Having a broad range of collective attributes, rather than overlapping or redundant qualities, helps the board significantly in fulfilling its responsibilities of providing good corporate governance and strategic oversight. At Tigress, our board and senior management teams working in complex business environments with wide-ranging, multiple constituencies collectively draws upon a broad assortment of competencies, priorities and insights that are an invaluable resource for our firm. Diversity of perspective leads to more innovation, better risk management, and stronger connections with customers, employees and business partners.

TIGRESS FINANCIAL PARTNERS BOARD OF ADVISORS: • WANDA DURANT is known as Mama Durant, and “The Real MVP” and mother of NBA icon Kevin Durant. Wanda is a strong leader, advocate, entrepreneur and philanthropist. Her passion is to inspire underserved children, single mothers and communities to move beyond their immediate circumstances and to aim for higher heights in life. Her mission is rooted in empowering women’s financial stability through impactful education and advocacy. Together, Wanda and Tigress Financial Partners are committed to offering educational resources and tools to impact women for positive change. Wanda’s philanthropic outreach is realized via her support of The Kevin Durant Charity Foundation, and other non-profits including Single Parents Support Network, Baller Moms, Positive Tomorrows, The Boys & Girls Club of America and Mothers of Professional Basketball Players. Wanda recently launched her own non-profit entity, Wanda Durant The Real MVP™ Charity, Inc.

• WENDY A. BECK is a Member of the Board of Director of Bloomin' Brands, Inc. and is a Member of the Board of Director of At Home Group Inc. Previously, she served as the Chief Financial Officer and Executive Vice President at Norwegian Cruise Line Holdings Ltd., and NCL Corporation Ltd. She served as Principal Accounting Officer of Norwegian Cruise Line Holdings Ltd. She also served as the Chief Financial Officer at NCL (Bahamas) Ltd., A Bermuda Company. She was responsible for all aspects of Norwegian Cruise Line's financial disciplines including finance, treasury, accounting, corporate and capital planning, internal audit, purchasing and investor relations. She has more than 20 years of experience in finance, tax and treasury. She served as the Chief Financial Officer, Senior Vice President and Treasurer of Whataburger Restaurants LP. Wendy earned a Bachelor of Science in Accounting from the University of South Florida.

• JAY WILLIAMS, the former standout point guard, is considered one of the most prolific college basketball players in history. Before becoming an ESPN full-time game and studio analyst, Williams was an analyst for CBS College Sports Network, for the NCAA Men’s Basketball Tournament and was a former NBA player for the Chicago Bulls. He was a contributor to Fox Sports Radio 99.9 The Fan. As a starter for three years at Duke, Jay won the Naismith College Player of the Year award, the John R. Wooden Award and the Oscar Robertson Trophy. An accomplished entrepreneur and spokesperson, Jay is the CEO and National Director of Special Events for Rising Stars Youth Foundation, using basketball as the vehicle to promote education and provide academic and financial assistance to students within the program. He is also the President and Chairman of Jay LLC and a member of the NBA Retired Players Association, a voting member of the John Wooden Awards Committee and sits on the Board of USA Basketball. Jay earned a Bachelor of Arts in Sociology and Business from DukeUniversity.

31 Tigress Financial Partners BOARD OF ADVISORS – DELIVERING EXCELLENCE THROUGH DIVERSITY (Continued) TIGRESS FINANCIAL PARTNERS BOARD OF ADVISORS:

• CHRIS GALLOWAY has over 20 years of experience in banking, capital markets, bank regulation and management consulting with a focus on debt and equity offerings, structured products, mortgage-backed securities and risk management. Chris is a Management Consultant who advises some of the largest U.S. banks and financial institutions on investments and capital markets, valuation, portfolio management, securitization, enterprise risk management and controls. Prior to consulting, Chris served as a Federal Bank Regulator during the 2008 U.S. Financial Crisis where he was responsible for overseeing capital adequacy, asset quality, corporate governance, earnings, liquidity, market risk and risk mitigation strategies related to credit losses from mortgage-related securities. Chris began his career in banking at Citigroup where he held various roles as an Investment Banker in New York and London in mortgage-backed securities, mergers & acquisitions, treasury, real estate private equity and internal audit. Chris earned a Master of Business Administration Degree in Finance and International Business from the University of Illinois and a Bachelor of Arts Degree in InternationalRelations from the University of Virginia.

• LILY LI has over 30 years of experience in providing asset allocation, portfolio management, and estate and retirement planning for high net worth clients. Lily is fluent in Mandarin. Lily was a Director with UNFCU Investments services advising United Nations clients globally. She was a First Vice President with Merrill Lynch Global Wealth Management focusing on international high net worth clients and a Vice President at JPMorgan Chase Investments. She was a member of the Institutional Asian Equity sales desks for UBS, Deutsche Bank and Mees Pierson Securities. At Mees Pierson, Lily established the firm’s Asian Equity Global Sales operations in New York, London, Hong Kong and Tokyo. Lily serves as Co-Chair, Greater NY Chamber of Commerce International Affairs Committee. She also served as Trustee for Dominican University. Lily earned a Bachelor of Science in Statistics and an MBA in Finance and International Business from The University of Chicago. She was awarded the prestigious Regional Finalist for a White House Fellowship.

32 Tigress Financial Partners

The Global Power of PERSHING Over $1.8 Trillion in Global Clients Assets Held inCustody

Net Capital of $2.0 Billion

Parent Company, THE BANK OF NEW YORK MELLON CORPORATION

Over $33.5 Trillion In Assets Under Custody / Administration

33 Tigress Financial Partners

Tigress Financial Partners formed a strategic relationship with Pershing LLC to execute, clear and custody the assets of our advisor's clients. Collectively as a strong partner with Pershing, Tigress is able to deliver innovative products and services to our professional financial advisors and clients around the world.

WHY PERSHING: Tigress looked for a partner who can deliver maximum support—a partner like Pershing, committed to helping you grow and manage your investments without limits. Pershing is also nationally recognized as a one-stop, full-service global solution with integrated, multi-currency clearing and execution, plus a full range of global resources.

LEADERSHIP: Pershing is the industry's largest global business solutions provider with more customers than any other clearing firm. Pershing offers unparalleled experience built over seven decades of serving financial organizations of every size and business model.

STRENGTH: Confidence from Pershing’s financial position with over $1.8 trillion in global client assets* held in custody and their parent company, The Bank of New York Mellon Corporation which, has $33.5 trillion in assets under custody and/oradministration.

SCALE: Pershing's strong market leadership enables them to invest in our advisors success. Pershing offers state-of-the-art technology, a highly reliable and scalable infrastructure and a host of innovative products and services.

COMMITMENT: Pershing exclusively serves financial organizations, money managers and registered investment advisors and representatives with no retail lines of business to distract them and no proprietarytrading.

SERVICE: Pershing invests in a high-touch, dedicated service model and takes a consultative approach to helping Tigress succeed. Pershing’s long associate tenures lets them build lasting relationships with experienced professionals who know the business.

34 Tigress Financial Partners

CORPORATE SOCIAL RESPONSIBILITY

Positive social and economic change through financial education and charitable activity

35 Tigress Financial Partners

Tigress Financial Partners is deeply committed to making an important difference in each of the communities in which we operate and live. By fostering lasting relationships with nonprofit organizations, funding local initiatives and providing community support, the company is able to champion a number of important causes while simultaneously promoting a strong culture of caring from within.

We believe in “paying it forward” and in doing so we propel economic empowerment through three core areas:

• DIVERSITY & INCLUSION. At Tigress Financial Partners, our diversity and inclusion mission is to connect and empower our employees, customers, suppliers, and communities for success, embracing the dynamics of different backgrounds, experiences, and perspectives to propel our growth. It represents our commitment to creating an environment where all employees feel valued, respected and fully engaged to contribute to our future success. Tigress is advancing diversity & inclusion initiatives across the country with key leadership roles in the following 501(c)(3) organizations and advocacy platforms: . Chairpersonof the SteeringCommittee for RainbowPUSHCoalition . Chairpersonof the DiversityBroker-DealerandAssetManagementCoalition . Chairperson, Wall StreetProject . VicePresidentof TheNational Women’sSyndicateAssociation

• CAREER SKILL CULTIVATION FOR WOMEN. Economic empowerment begins with the ability to obtain and sustain employment. To help women reach job readiness, we offer programs that teach productive job search techniques. These efforts include conducting practice interviews, teaching effective resume writing and networking skills, and fostering professional development. Tigress is advancing career skill cultivating for women throughout the State with key leadership roles in the following 501(c)(3) organizations and advocacy platforms: • Chairperson of the Greater New York Chamber of Commerce representing 30,000 businesses

• FINANCIAL LITERACY. Tigress Financial Partners underwrites and supports initiatives that help women, the unbanked and underserved, manage their personal financial resources, including assisting them to become more familiar and comfortable setting financial goals, budgeting, and managing funds. Tigress is advancing financial literacy across the country with key leadership roles in the following 501(c)(3) organization and advocacy platform. . National LiteracyStrategic Partnershipwith WandaDurant, Mother of NBAiconKevin Durant

36 Tigress Financial Partners

Appendix BCS Global Markets & Tigress Financial Partners Press Release Tigress Off-Shore Platform Trade Flow Process Pre-IPO Platform Capital Markets Transaction History

37 Tigress Financial Partners BCS Prime Brokerage Powerhouse BCS Global Markets and Tigress Financial Limited and Tigress Partners Form Partnership Financial Partners September 17, 2018 Form Partnership NEW YORK--(BUSINESS WIRE)--Tigress Financial Partners LLC, a leading women-owned institutional FINRA registered broker-dealer, announced today that it has entered into a strategic partnership with BCS Prime Brokerage Limited (BCS UK), in the UK, part of BCS Global Markets, to jointly market capital markets, investment “The ability to leverage a stronger banking, credit facilities, research, asset management and global wealth management services to institutional and regulatory capital position high net worth clients in U.S. and global markets. As part of the transaction BCS UK invested directly in Tigress combined with the unique Financial Partners in addition to injecting substantial regulatory capital into the brokerdealer. transactional access we bring asa women-owned firm….this As a women-owned broker dealer, Tigress Financial Partners brings diversity to the BCS Group Companies, along extraordinary partnership also with the ability to expand domestic U.S. capital markets and investment banking relationships. The strength of BCS allows Tigress to instantly expand in international origination, international trade execution and a multi-country distribution network enhances to an international trade platform, Tigress Financial Partners’ access to global markets squarely positioning Tigress Financial Partners with the most as well as introduce competitive expansive international distribution platform among minority and woman owned broker dealers, consisting of BCS credit facilities and high-end more than 300,000 clients in London, Moscow, Cyprus and around the world. solutions to our institutional and “It is our distinct privilege to be associated with BCS,” said Cynthia DiBartolo, Esq., Chairperson and Chief Executive corporate clients. “ Officer of Tigress Financial Partners LLC. “The ability to leverage a stronger regulatory capital position combined with the unique transactional access we bring as a women-owned firm, together with international breadth and depth of BCS will benefit both firms immensely. This extraordinary partnership also allows Tigress to instantly Cynthia DiBartolo, Esq. expand to an international trade platform, as well as introduce competitive BCS credit facilities and high-end CEO solutions to our institutional and corporate clients. Tigress and BCS appreciate the guidance we received from Tigress Financial Partners FINRA with respect to facilitating this complex transaction.”

“BCS is looking forward to aligning with Tigress Financial Partners,” said Gary Esayian, Chief Executive Officer of BCS Americas, Inc., who will assume a seat on Tigress Financial Partners Board of Directors. “We value diversity and by working closely with Tigress Financial Partners will accelerate our U.S. capital markets agenda and allow our international professionals access to Tigress Financial Partners, proprietary high-quality institutional research, along with streamlined access to the Tigress Asset Management and the robust Tigress Offshore Platforms.” “BCS Global Markets has a powerful international platform that will be enhanced by our relationship with Tigress Financial Partners,” said Bradley Duke, Chief Executive Officer of BCS Prime Brokerage Limited. “The strengths we each bring to the table and the working relationship between our respective highly skilled industry professionals will allow us each to expand our product offerings for the benefit of our clients around the world.”

38 Tigress Off-ShorePlatform

● ● ● ● ● ● ● ● ● ● ●● ● ● ●●● ●●●● ● ●● ● ●● ●● ●● ● ●●

● ●● ●● ● ●●● ●

● Advisors Peru,Argentina, Uruguay,CostaRica,Venezuela,Puerto Rico,Panamá,SaintMarteen, Mexico, Paraguay,USA,Colombia, Ecuador ● Costumers Peru,Argentina, Uruguay,CostaRica,Venezuela,Puerto Rico,Panamá,Chile, Colombia, ElSalvador,Guatemala,Honduras,Spain,Italy, Israel, Mexico,Paraguay ● Clients China,HongKong,Philippine, Japan,England,France,Sweden,Holland, South Africa,Sudan,Argentina,Nicaragua,Taiwan, New Zealand,Denmark 39 TRADE FLOW PROCESS TigressBuy SideClient (From TheirOMS)

VWAP,TWAP,POVSpecialty Algo

Orders, w/Type,Etc. 10B-18 ShareRepurchase(Agency)

Tigress EquitySales TigressTradingDesk OMSTRAFIX Ivan’s Research (Acknowledges/Ro Trading Color From BCS utes The Trade ) Desk Tigress Relationship,Etc BCSEquity Desk (Affiliate ofTigress)

Newport OMS Asia TradersProvide:TCA,Trade Routing, Color on Orders Accessto MultipleAlgos London DeskOpen 18/6 MOEX,LSE, Eurex

Americas

US–NYSEFloor Member

40 Tigress Financial Partners

. We work with both investors and shareholders in private to public transactions across a broad PRE-IPO PLATFORM spectrum of companies and industries. When a company moves from private to public, valuation accretion . Typically, private investment opportunities were hard to find and curate for the average immediately allows shareholders to accredited investor. take advantage of what is often referred to as “private to public valuation arbitrage.” . The Tigress Pre-IPO Platform works with private company shareholders to provide a range of investment offerings.

A unique, but valuable opportunity exists for investors looking to take . Access to Pre-IPO opportunities at privately held companies, which allows smaller investors to advantage of pre-IPO opportunities by participate in on portions of the investment. investing in great companies much before they begin their exponential . growth. Allows investors to tap into opportunities once reserved for banks, private equity and venture capital firms.

We want to enable our clients to reap the benefits of making sophisticated . Offering exclusive opportunities to invest in privately-held startup companies on the ground floor unlisted investments such in: rather than waiting for a company to go public, putting your money to work alongside experienced investors.

. Offering a global reach and deal opportunities and acting as an intermediary between investors and shareholders of pre-IPO companies.

. Pre-IPO investments range from those suitable for institutional investors ($2 million - $200 million) to high net worth individuals ($200,000 - $2 million) depending on the Company and share availability.

41 Appendix: Selected Transaction History Tigress Financial Partners

IPO Sep-20 IPO Sep-20 IPO Sep-20 Secondary Sep-20

$238,000,000 $204,000,000 $232,788,000 $135,000,000 Common Shares Common Share Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

IPO Sep-20 IPO Sep-20 Secondary Sep-20 IPO Sep-20

$574,364,000 $508,992,000 $2,000,000,000 $315,000,000 Common Stock Common Shares Units Common Shares Selling Group Selling Group Selling Group Selling Group

IPO Sep -20 SPAC Sep -20 SPAC Sep-20 SPAC Sep-20

$241,650,000 $150,000,000 $300,000,000 $350,000,000 Common Stock Common Stock Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

Secondary Sep-20 Secondary Sep-20 Secondary Sep-20 Secondary Sep-20

$76,375,000 $249,600,000 $485,000,000 $588,600,000 Common Stock Common Stocks Common Stocks Common Share Selling Group Selling Group Selling Group Selling Group

SPAC Sep-20 Secondary Sep-20 SPAC Sep-20 Secondary Sep-20

$300,000,000 $112,000,000 $32,500,000 $72,000,000 Common Shares Common Stock Preferred Stock Common Stock Selling Group Selling Group Selling Group Selling Group

42 Appendix: Selected Transaction History Tigress Financial Partners

Secondary Sep-20 Secondary Sep-20 Secondary Sep-20 SPAC Sep-20

$854,000,000 $84,000,000 $15,400,000 $250,000,000 Common Shares Common Share Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

IPO Aug-20 IPO Aug-20 SPAC Aug-20 Secondary Aug-20

$90,478,000 $158,832,000 $300,000,000 $137,500,000 Units Common Share Common Stock Common Stock Selling Group Selling Group Selling Group Selling Group

New Issue Aug-20 Secondary Aug-20 Secondary Aug-20 IPO Aug-20

$50,000,000 $78,000,000 $297,000,000 $225,000,000 Common Stock Common Shares Common Shares Common Shares Selling Group Selling Group Selling Group Selling Group

Secondary Aug-20 Secondary Aug-20 Secondary Aug-20 IPO Aug-20

$165,000,000 $305,000,000 $425,000,000 $10,600,200 Common Stock Common Stock Units Common Stock Selling Group Selling Group Selling Group Selling Group

Secondary Aug-20 New Issue Aug-20 IPO Jul-20 IPO Jul-20

$310,880,000 $150,000,000 $276,250,000 Common Stock Common Stocks $204,687,494 Common Stock Selling Group Selling Group Common Stock Selling Group Selling Group

43 Appendix: Selected Transaction History Tigress Financial Partners

IPO Jul-20 IPO Jul-20 SPAC Jul-20 IPO Jul-20

$352,934,348 $177,000,000 $40,000,000 $250,750,000 Common Shares Common Share Units Common Stock Selling Group Selling Group Co-manager Selling Group

IPO Jul-20 SPAC Jul-20 Secondary Jul-20 Secondary Jul-20

$209,000,000 $300,000,000 $225,000,000 $241,250,000 Common Stock Units Common Shares Common Shares Selling Group Selling Group Selling Group Selling Group

IPO Jul -20 Secondary Jul -20 Secondary Jul-20 Secondary Jul-20

$27,600,000 $101,250,000 $49,000,000 $296,240,000 Preferred Stock Common Stock Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

Secondary Jul-20 Secondary Jul-20 SPAC Jul-20 IPO Jul-20

$287,294,976 $156,000,000 $240,000,000 $319,000,000 Common Stock Common Stocks Units Common Share Selling Group Selling Group Selling Group Selling Group

IPO Jul-20 IPO Jul-20 Secondary Jul-20 Secondary Jul-20

$460,000,000 $1,722,650,000 $79,600,000 $100,268,000 Common Shares Common Stock Common Stock Common Stock Selling Group Selling Group Selling Group Selling Group

44 Appendix: Selected Transaction History Tigress Financial Partners

Secondary Jun-20 IPO Jun-20 Secondary Jun-20 Secondary Jun-20

$4,000,000,000 $665,000,000 $400,000,000 $257,300,000 Common Shares Common Share Common Stock Common Stock Selling Group Selling Group Co-manager Selling Group

Secondary Jun-20 Secondary Jun-20 Secondary Jun-20 IPO Jun-20

$123,800,000 $410,375,000 $306,700,000 $220,000,000 Common Stock Common Shares Common Shares Common Shares Selling Group Selling Group Selling Group Selling Group

Secondary Jun -20 IPO Jun -20 Secondary Jun-20 IPO Jun-20

$125,120,000 $26,000,000 $1,000,038,340 $468,000,000 Common Share Common Stock Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

Secondary Jun-20 Secondary Jun-20 IPO Jun-20 Secondary Jun-20

$292,300,000 $148,680,000 $345,000,000 $292,620,000 Common Stock Common Stocks Common Stock Common Share Selling Group Selling Group Selling Group Selling Group

IPO Jun-20 SPAC Jun-20 Secondary Jun-20 Secondary Jun-20

$320,000,000 $130,000,000 $1,050,000,000 Common Shares Common Stock $1,600,000,000 Common Stock Selling Group Selling Group Common Stock Selling Group Selling Group

45 Appendix: Selected Transaction History Tigress Financial Partners

Jun-20 Secondary Jun-20 Secondary Jun-20 Secondary New Issue May-20

$1,105,572,000 $966,000,000 $227,070,000 $8,750,000 Common Stock Common Shares Common Stock Convertible Preferred Stock Selling Group Selling Group Selling Group Selling Group

Secondary May-20 Secondary May-20 SPAC May-20 Secondary May-20

$9,231,000 $5,085,000 $17,500,000 $9,090,000 Common Stock Common Shares Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

Secondary May -20 Secondary May -20 Secondary May-20 Secondary May-20

$2,500,000 $6,000,000 $40,000,000 $8,500,000 Common Share Common Stock Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

IPO May-20 IPO May-20 Secondary May-20 Secondary May-20

$30,000,000 $3,670,000 $1,850,000 $100,000,000 Common Stock Common Stock Common Stock Common Shares Selling Group Selling Group Selling Group Selling Group

Secondary SPAC May-20 SPAC May-20 May-20 Secondary May-20

$20,000,000 $30,000,000 $399,000,000 $5,000,000 Common Stock Common Stock Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

46 Appendix: Selected Transaction History Tigress Financial Partners

Secondary May-20 Secondary Apr-20 SPAC Apr-20 New Issue Apr-20

$25,000,000 $600,000 $25,000,000 $36,000,000 Common Stock Preferred Stock Common Stock Common Stock Selling Group Selling Group Selling Group Selling Group

SPAC Apr-20 Secondary Apr-20 Secondary Apr-20 Additional Offering Mar-20

$30,000,000 $13,500,000 $62,500,000 $3,300,000 Common Stock Common Shares Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

New Issue Mar -20 Secondary March -20 IPO Mar-20 Secondary Mar-20

$5,500,000 $1,250,000,000 $238,050,000 $245,261,250 Common Share Common Stock Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

Secondary Mar-20 Additional Offering Feb-20 IPO Feb-20 IPO Feb-20

$150,000,000 $2,995,000,000 $216,000,000 $920,000,000 Common Stock Preferred Stock Common Stock Common Share Selling Group Selling Group Selling Group Selling Group

Secondary Feb-20 Secondary Feb-20 Convert Feb-20 IPO Jan-20

$2,000,000,000 $862,500,000 $2,437,500,000 $1,168,165,050 Preferred Stock Common Stock Common Stock Common Stock Selling Group Selling Group Selling Group Selling Group

47 Appendix: Selected Transaction History Tigress Financial Partners

Secondary Mar-20 Secondary Mar-20 IPO Feb-20 IPO Feb-20

$1,800,000 $6,250,000 $12,000,000 $46,000,000 Common Shares Common Shares Common Shares Preferred Stock Selling Group Selling Group Selling Group Selling Group

Secondary Feb-20 Secondary IPO Feb-20 Feb-20 IPO Feb-20

$25,000,000 $5,000,000 $2,600,000 $70,000,000 Common Stock Common Shares Common Shares Preferred Stock Selling Group Selling Group Selling Group Selling Group

Additional Offering Feb -20 IPO Secondary Feb -20 Feb-20 Secondary Feb-20

$7,800,000 $14,000,000 $26,316,000 $1,200,000 Common Share Common Stock Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

IPO Secondary Feb-20 Feb-20 IPO Feb-20 IPO Feb-20

$6,500,000 $11,880,000 $10,590,000 $8,350,000 Common Stock Common Stock Common Stock Common Share Selling Group SellingGroup Selling Group Selling Group

Secondary Feb-20 Secondary Feb-20 Secondary Feb-20 IPO Jan-20

$24,000,000 $734,202,699 $18,000,000 $47,170,000 Common Shares Common Stock Common Stock Common Stock Selling Group Selling Group Selling Group Selling Group

48 Appendix: Selected Transaction History Tigress Financial Partners

Secondary Jan-20 IPO Jan-20 IPO Jan-20 IPO Jan-20

$16,000,000 $10,590,000 $90,000,000 $3,000,000 Common Shares Common Shares Common Shares Preferred Stock Selling Group Selling Group Selling Group Selling Group

IPO Jan-20 IPO Jan-20 IPO Jan-20 Secondary Jan-20

$4,100,000 $9,600,000 $7,250,000 $10,000,000 Common Stock Common Shares Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

IPO Dec -19 IPO Dec -19 IPO Dec-19 IPO Dec-19

$1,110,000 $8,824,000 $9,824,000 $300,000,000 Common Share Common Stock Common Shares Common Stock Selling Group Selling Group Selling Group Selling Group

Secondary Dec-19 Additional Offering Dec-19 Secondary Dec-19 IPO Nov-19

$27,500,000 $48,000,000 $43,200,000 $365,000,000 Common Stock Preferred Stock Common Stock Common Share Selling Group SellingGroup Selling Group Selling Group

IPO Oct-19 IPO Oct-19 IPO Oct-19 Secondary Oct-19

$615,000,000 $16,400,000 $10,000,000 $ 6,000,000 Common Shares Common Stock Common Stock Common Stock Selling Group Selling Group Selling Group Selling Group

49 Appendix: Selected Transaction History Tigress Financial Partners

Additional Offering Nov-19 Secondary Nov-19 Additional Offering Oct-19 IPO Sept-19

$1,160,000,000 $300,000,000 $25,000,000 $1,500,000,000 Common Stock Series I Preferred Shares Common Share Preferred Stock Selling Group Selling Group Selling Group Co-Manager

IPO Sept-19 Additional Offering Sept-19 Sept-19 Additional Offering Sept-19

$1,160,000,000 $36,000,000 $705,000,000 $250,000,000 Common Stock Preferred Stock Common Shares Common Stock Selling Group Co-Manager Selling Group Selling Group

Sept-19 Additional Offering Secondary Offering Sept-19 IPO Aug-19 IPO Aug-19

$1,300,000,000 $2,000,000,000 $222,000,000 $552,000,000 Common Share Common Stock Common Stock 10 Yr & 30 Yr FixedNotes Selling Group Selling Group Selling Group Co-Manager

IPO Aug-19 IPO July-19 IPO July-19 Additional Offering Aug-19

$1,712,500,000 $ 261,139,990 $1,150,000,000 $109,000,000 Common Stock Common Stock Preferred Stock Common Stock Selling Group Selling Group Selling Group Selling Group

July-19 Additional Offering July-19 IPO July-19 IPO July-19 IPO

$45,850,000 $170,000,000 $1,670,000,000 $167,400,000 Common Stock Common Share Common Stock Common Shares Selling Group Selling Group Selling Group Selling Group

50 Appendix: Selected Transaction History Tigress Financial Partners

51 Appendix: Selected Transaction History Tigress Financial Partners

52 Appendix: Selected Transaction History Tigress Financial Partners

53 Appendix: Selected Transaction History Tigress Financial Partners

54 Appendix: Selected Transaction History Tigress Financial Partners

55 Tigress Financial Partners

Disclosures and Disclaimers

The information contained herein has been obtained or derived from sources believed to be reliable but its accuracy and completeness is not guaranteed. The analysis and conclusions herein are not a complete analysis of every material fact respecting any company, industry, or security. The opinions expressed in this report reflect the judgment of the author at this date and are subject to change without further notice and there is no obligations to provide updates to recipients of any previously issued reports or recommendations. Further information is available upon request. Employees, officers, directors and shareholders of Tigress Financial Partners LLC and of any of Tigress Financial Partners LLC affiliated entities that are not directly involved with the production of any Tigress Research report (s) and / or their family members may buy / sell or hold securities for their own accounts contrary to the current recommendation expressed in any report published by Tigress Investment Research. Tigress Financial Partners LLC as well as affiliates of Tigress Financial Partners LLC may provide or may seek to provide investment banking, consulting and / or other services to the companies and / or the officers, directors, and employees of the companies that are the subject of research reports published by Tigress Investment Research and other reports produced by Tigress Investment Research. Further information is available upon request. Securities are offered through Tigress Financial Partners LLC a SEC Registered Broker Dealer and a member of FINRA/SIPC which clears its securities transactions and provides custody of client accounts on a fully disclosed basis through Pershing LLC, a subsidiary of The Bank of New York Mellon. Securities in your account are protected up to $500,000 of which $250,000 can be for claims for cash awaiting reinvestment. Please note that SIPC does not protect against loss due to market fluctuation. For additional information please go to www.sipc.org. In addition to SIPC protection, Pershing provides Tigress Financial Partners LLC client accounts coverage in excess of SIPC limits from Lloyd’s of London, in conjunction with other insurance companies. The excess of SIPC coverage provides an aggregate loss limit of $1 billion for eligible securities over all client accounts and a per-client loss limit of $1.9 million for cash awaiting reinvestment within the aggregate loss limit of $1 billion. The excess of SIPC coverage does not protect against loss due to market fluctuation. For additional information please go to www.lloyds.com. Pershing’s excess of SIPC coverage is provided by Lloyd’s of London in conjunction with XL Specialty Insurance Co., Axis Specialty Europe Ltd., Great Lakes Reinsurance (UK) PLC and Ironshore Specialty InsuranceCo. All trademarks, service marks and logos used in this report are trademarks or service marks or registered trademarks or service of their respective owners. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise without prior expressedpermission.

56 Tigress Financial Partners

Certifications, Disclosures and Disclaimers

Analyst Certification I, Ivan Feinseth hereby certify that the views expressed herein accurately reflect my personal view(s) about the subject companies and their securities and that I have not been and will not be directly or indirectly compensated for expressing specific recommendation(s) or view(s) in thisreport. Research Disclosures Accounts managed by Tigress Financial Partners may hold positions in the securities mentioned in thispresentation. The information contained herein has been obtained or derived from sources believed to be reliable but its accuracy and completeness is not guaranteed. The analysis and conclusions herein are not a complete analysis of every material fact respecting any company, industry, or security. The opinions expressed in this report reflect the judgment of the author at this date and are subject to change without further notice and there is no obligations to provide updates to recipients of any previously issued reports or recommendations. Further information is available upon request. Employees, officers, directors and shareholders of Tigress Financial Partners LLC and of any of Tigress Financial Partners LLC affiliated entities that are not directly involved with the production of any Tigress Research report (s) and / or their family members may buy / sell or hold securities for their own accounts contrary to the current recommendation expressed in any report published by Tigress InvestmentResearch. Tigress Financial Partners LLC as well as affiliates of Tigress Financial Partners LLC may provide or may seek to provide investment banking, consulting and / or other services to the companies and / or the officers, directors, and employees of the companies that are the subject of research reports published by Tigress Investment Research and other reports produced by Tigress Investment Research. Further information is available upon request. Securities are offered through Tigress Financial Partners LLC a SEC Registered Broker Dealer and registered investment adviser and a member of FINRA/MSRB/SIPC which clears its securities transactions and provides custody of client accounts on a fully disclosed basis through Pershing LLC, a subsidiary of The Bank of New York Mellon. Securities in your account are protected up to $500,000 of which $250,000 can be for claims for cash awaiting reinvestment. Please note that SIPC does not protect against loss due to market fluctuation. For additional information please go towww.sipc.org. In addition to SIPC protection, Pershing provides Tigress Financial Partners LLC client accounts coverage in excess of SIPC limits from Lloyd’s of London, in conjunction with other insurance companies. The excess of SIPC coverage provides an aggregate loss limit of $1 billion for eligible securities over all client accounts and a per-client loss limit of $1.9 million for cash awaiting reinvestment within the aggregate loss limit of $1 billion. The excess of SIPC coverage does not protect against loss due to market fluctuation. For additional information please go to www.lloyds.com. Pershing’s excess of SIPC coverage is provided by Lloyd’s of London in conjunction with XL Specialty Insurance Co., Axis Specialty Europe Ltd., Great Lakes Reinsurance (UK) PLC and Ironshore Specialty InsuranceCo.

57 Disclosures and Disclaimers Tigress Financial Partners

The information contained herein has been obtained or derived from sources believed to be reliable but its accuracy and completeness is not guaranteed. The analysis and conclusions herein are not a complete analysis of every material fact respecting any company, industry, or security. The opinions expressed in this report reflect the judgment of the author at this date and are subject to change without further notice and there is no obligations to provide updates to recipients of any previously issued reports or recommendations. Further information is available upon request. Employees, officers, directors and shareholders of Tigress Financial Partners LLC and of any of Tigress Financial Partners LLC affiliated entities that are not directly involved with the production of any Tigress Research report (s) and / or their family members may buy / sell or hold securities for their own accounts contrary to the current recommendation expressed in any report published by Tigress Investment Research. Tigress Financial Partners LLC as well as affiliates of Tigress Financial Partners LLC may provide or may seek to provide investment banking, consulting and / or other services to the companies and / or the officers, directors, and employees of the companies that are the subject of research reports published by Tigress Investment Research and other reports produced by Tigress Investment Research. Further information is available upon request. Securities are offered through Tigress Financial Partners LLC a SEC Registered Broker Dealer and Registered Investment Advisor and a member of FINRA/MSRB/SIPC which clears its securities transactions on a fully disclosed basis through Pershing LLC, a subsidiary of The Bank of New York Mellon. Securities in your account are protected up to $500, 000 of which $250, 000 can be for claims for cash awaiting reinvestment. Please note that SIPC does not protect against loss due to market fluctuation. For additional information please go to www. sipc. org. In addition to SIPC protection, Pershing provides Tigress Financial Partners LLC client accounts coverage in excess of SIPC limits from Lloyd’s of London, in conjunction with other insurance companies. The excess of SIPC coverage provides an aggregate loss limit of $1 billion for eligible securities over all client accounts and a per-client loss limit of $1. 9 million for cash awaiting reinvestment within the aggregate loss limit of $1 billion. The excess of SIPC coverage does not protect against loss due to market fluctuation. For additional information please go to www. lloyds. com. Pershing’s excess of SIPC coverage is provided by Lloyd’s of London in conjunction with XL Specialty Insurance Co. , Axis Specialty Europe Ltd. , Great Lakes Reinsurance (UK) PLC and Ironshore Specialty Insurance Co. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise without prior expressed permission.

About Tigress Financial Partners LLC Tigress Financial Partners is a specialized financial services firm providing expertise and services in investment banking, investment research, asset management, wealth management, corporate advisory and trade execution services. Tigress Financial Partners provides its services to corporate entities, institutional investors, high-net worth individual investors, public and private pensions, federal, state and municipal governments. Tigress Financial Partners LLC is a registered broker dealer with the Securities and Exchange Commission (SEC), a member of the Financial Industry Regulatory Authority (FINRA), a member of the Municipal Securities Rulemaking Board (MSRB) and a member of the Securities Investor Protection Corporation (SIPC). Tigress Financial Partners LLC is a Woman Owned Business Enterprise (WBE) and is nationally certified by WBENC, the Women’s Business Enterprise National Council. Tigress Financial Partners LLC is a wholly-owned subsidiary of Tigress Holdings LLC.

For further information please go to: www.tigressfinancialpartners.com About Pershing LLC Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation and is a member of FINRA, NYSE, SIPC. For further information please go to: www.pershing.com

58 Tigress Financial Partners

CONTACT US For additional information please go to: www.tigressfinancialpartners.com

Cynthia DiBartolo To discuss how we may address your specific needs, please contact us: CEO Tigress Financial Partners [email protected] Phone: (646) 780 - 8889 Direct Tigress Financial Partners LLC 410 Park Avenue, 12thFloor New York, NY 10022 (212) 430-8700 (646) 862-2908 Fax [email protected] www.tigressfinancialpartners.com

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